EXHIBIT 10.20
 FIRST
AMENDMENT
TO THE
COMMUNITY BANK OF TRI-COUNTY
SALARY CONTINUATION AGREEMENT
DATED SEPTEMBER 6, 2003
FOR
MICHAEL L. MIDDLETON
    Section 1.1 of the Agreement shall be deleted in its entirety and replaced with the following:
  Section 1.4 of the Agreement shall be deleted in its entirety and replaced with the following:
  Section 1.11 of the Agreement shall be deleted in its entirety and replaced with the
following:
 1.11
    
    Separation from Service means the termination of the Executives employment with the
Company for reasons other than death. Whether a Separation from Service
 1




---



##### 



takes place shall
determined in accordance with Section 409A of the Code and the regulations thereunder and
based on the facts and circumstances surrounding the termination of the Executives employment
and whether the Company and the Executive intended for the Executive to provide significant
services for the Company following such termination. A termination of
employment will not be considered a Separation from Service if:
 (a)
    
    the Executive continues to provide services as an employee of
the Company at an annual rate that is twenty percent (20%) or more of the
services rendered, on average, during the immediately preceding three full
calendar years of employment (or, if employed less than three years, such
lesser period) and the annual remuneration for such services is twenty percent
(20%) or more of the average annual remuneration earned during the final three
full calendar years of employment (or, if less, such lesser period), or(b)
    
    the Executive continues to provide services to the Company in a
capacity other than as an employee of the Company at an annual rate that is
fifty percent (50%) or more of the services rendered, on average, during the
immediately preceding three full calendar years of employment (or if employed
less than three years, such lesser period) and the annual remuneration for such
services is fifty percent (50%) or more of the average annual remuneration
earned during the final three full calendar years of employment (or if less,
such lesser period)..
 Sections 2.1, 2.1.2, 2.2, 2.3, and 2.4 of the Agreement are amended by deleting the phrase
Termination of Employment and replacing it with the phrase Separation from Service in each
place it appears.
 Section 2.5 of the Agreement shall be deleted in its entirety and replaced with the following:
 2.5
    
    Restriction on Timing of Distribution. Notwithstanding any provision of this
Agreement to the contrary, if the Executive is considered a Specified Employee at Separation
from Service under such procedures as established by the Company in accordance with Section
409A of the Code, benefit distributions that are made upon Separation from Service may not
commence earlier than six (6) months after the date of such Separation from Service.
Therefore, in the event this Section 2.5 is applicable to the Executive, any distribution
which would otherwise be paid to the Executive within the first six months following the
Separation from Service shall be accumulated and paid to the Executive in a lump sum on the
first day of the seventh month following the Separation from Service. All subsequent
distributions shall be paid in the manner specified under this Article II of the Plan with
respect to the applicable benefit.
 2




---



##### 



New Sections 2.6 and 2.7 shall be added to the Agreement to read as follows:
 2.6
    
    Distributions Upon Income Inclusion Under Section 409A of the Code. Upon the
inclusion of any amount into the Executives income as a result of the failure of this
non-qualified deferred compensation plan to comply with the requirements of Section 409A of
the Code, to the extent such tax liability can be covered by the amount which the Company has
accrued with respect to the obligations described in this
Article 2, a distribution shall be made as soon as is administratively practicable following
the discovery of the plan failure.2.7
    
    Change in Form or Timing of Distributions. For distribution of benefits under this
Article 2, the Executive and the Company may, subject to the terms of Section 8.1, amend the
Agreement to delay the timing or change the form of distributions. Any such amendment:
 (a)
    
    may not accelerate the time or schedule of any distribution,
except as provided in Section 409A of the Code and the regulations thereunder;(b)
    
    must, for benefits distributable under Sections 2.2 and 2.3, be
made at least twelve (12) months prior to the first scheduled distribution;(c)
    
    must, for benefits distributable under Sections 2.1, 2.2, 2.3
and 2.4, delay the commencement of distributions for a minimum of five (5)
years from the date the first distribution was originally scheduled to be made;
and(d)
    
    must take effect not less than twelve (12) months after the
amendment is made.
 Article 7 of the Agreement shall be deleted in its entirety and replaced with the following:
 Article 7
Amendments and Termination
 7.1
    
    Amendments. This Agreement may be amended only by a written agreement signed by the
Company and the Executive. However, the Company may unilaterally amend this Agreement to
conform to written directives to the Company from its auditors or banking regulators or to
comply with legislative or tax law, including without limitation Section 409A of the Code and
any and all regulations and guidance promulgated thereunder.7.2
    
    Plan Termination Generally. This Agreement may be terminated only by a written
agreement signed by the Company and the Executive. However, the Company may unilaterally
amend this Agreement to conform to written directives to the Company from its auditors or
banking regulators or to comply with legislative or tax law, including without limitation
Section 409A of the Code and any and all regulations and guidance promulgated thereunder. The
benefit shall be frozen as of the date the Agreement is terminated. Except as provided in
Section 7.3, the termination of this Agreement shall
 3




---



##### 



not cause a distribution of benefits
under this Agreement. Rather, upon such termination benefit distributions will be made at the
earliest distribution event permitted under Article 2 or Article 3.7.3
    
    Plan Terminations Under Section 409A. Notwithstanding anything to the contrary in
Section 7.2, if the Company terminates this Agreement in the following circumstances:
 (a)
    
    Within thirty (30) days before, or twelve (12) months after a Change in
Control, provided that all distributions are made no later than twelve (12) months
following such termination of the Agreement and further provided that all the Companys
arrangements which are substantially similar to the Agreement are terminated so the
Executive and all participants in the similar arrangements are required to receive all
amounts of compensation deferred under the terminated arrangements within twelve (12)
months of the termination of the arrangements;(b)
    
    Upon the Companys dissolution or with the approval of a bankruptcy court
provided that the amounts deferred under the Agreement are included in the Executives
gross income in the latest of (i) the calendar year in which the Agreement terminates;
(ii) the calendar year in which the amount is no longer subject to a substantial risk
of forfeiture; or (iii) the first calendar year in which the distribution is
administratively practical; or(c)
    
    Upon the Companys termination of this and all other arrangements that would be
aggregated with this Agreement pursuant to Treasury Regulations Section 1.409A-1(c) if
the Executive participated in such arrangements (Similar Arrangements), provided that
(i) the termination and liquidation does not occur proximate to a downturn in the
financial health of the Company, (ii) all termination distributions are made no earlier
than twelve (12) months and no later than twenty-four (24) months following such
termination, and (iii) the Company does not adopt any new arrangement that would be a
Similar Arrangement for a minimum of three (3) years following the date the Company
takes all necessary action to irrevocably terminate and liquidate the Agreement;the Company may distribute the amount which the Company has accrued with respect to the
Companys obligations hereunder, determined as of the date of the termination of the
Agreement, to the Executive in a lump sum subject to the above terms.A new Section 8.10 shall be added to the Agreement to read as follows:
 8.10
    
    Compliance with Section 409A. This Agreement shall at all times be administered and
the provisions of this Agreement shall be interpreted consistent with the requirements of
Section 409A of the Code and any and all regulations thereunder, including such regulations as
may be promulgated after the Effective Date of this Agreement.
 4




---



##### 



IN WITNESS OF THE ABOVE
 Executive:
    
    
    
    Community Bank of Tri-County/s/ Michael L. Middleton
    
    
    
    By
    
    /s/ William J. PasenelliMichael L. Middleton
    
    
    
    Title
    
    Chief Financial Officer and Executive Vice President
 5